Inceptionr LLC Sells 6,896 Shares of Robert Half Inc. (NYSE:RHI)

Inceptionr LLC lessened its stake in shares of Robert Half Inc. (NYSE:RHI) by 33.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,694 shares of the business services provider’s stock after selling 6,896 shares during the period. Inceptionr LLC’s holdings in Robert Half were worth $965,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in RHI. Private Trust Co. NA increased its stake in shares of Robert Half by 79.7% in the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 192 shares during the last quarter. Eastern Bank bought a new position in shares of Robert Half in the 4th quarter valued at $35,000. V Square Quantitative Management LLC increased its stake in shares of Robert Half by 70.6% in the 4th quarter. V Square Quantitative Management LLC now owns 679 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 281 shares during the last quarter. Friedenthal Financial bought a new position in shares of Robert Half in the 4th quarter valued at $56,000. Finally, Smartleaf Asset Management LLC increased its stake in shares of Robert Half by 48.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 794 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 258 shares during the last quarter. Institutional investors own 92.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on RHI. JPMorgan Chase & Co. decreased their price target on Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $62.00 to $90.00 in a research report on Friday, December 13th. BNP Paribas upgraded Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price objective on the stock in a research report on Monday, February 10th. StockNews.com upgraded Robert Half from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. Finally, Barclays upgraded Robert Half from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $60.00 to $80.00 in a research report on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Robert Half currently has a consensus rating of “Moderate Buy” and an average target price of $74.92.

Robert Half Trading Down 0.5 %

Shares of RHI opened at $55.19 on Friday. The company has a market capitalization of $5.64 billion, a PE ratio of 22.62 and a beta of 1.23. Robert Half Inc. has a 12 month low of $54.24 and a 12 month high of $81.86. The stock’s 50-day moving average price is $64.78 and its two-hundred day moving average price is $67.40.

Robert Half (NYSE:RHI) last announced its earnings results on Wednesday, January 29th. The business services provider reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. Equities research analysts predict that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, February 25th. This is an increase from Robert Half’s previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a yield of 4.28%. Robert Half’s payout ratio is presently 96.72%.

Robert Half Company Profile

Robert Half Inc provides talent solutions and business consulting services in North America, South America, Europe, Asia, and Australia. The company operates through Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti segments. The Contract Talent Solutions segment provides contract engagement professionals in the fields of finance and accounting, technology, marketing and creative, legal and administrative, and customer support.